{
    "success": true,
    "data": {
        "id": 1443940,
        "msgid": "ri-forex-reserves-rise-to-us159-billion-1447893297",
        "date": "1999-04-12 00:00:00",
        "title": "RI forex reserves rise to US$15.9 billion",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "RI forex reserves rise to US$15.9 billion JAKARTA (JP): The country's net foreign exchange reserves increased slightly by US$102.2 million to $15.9 billion on April 7 compared to the level in the previous week, Bank Indonesia said in its weekly report. The central bank said on the weekend the increase resulted primarily from the proceeds of the privatization of state-owned port operator PT Pelindo II. BI said the level was above the IMF adjusted net international reserves of $11.4 billion.",
        "content": "<p>RI forex reserves rise to US$15.9 billion<\/p>\n<p>JAKARTA (JP): The country's net foreign exchange reserves<br>\nincreased slightly by US$102.2 million to $15.9 billion on April<br>\n7 compared to the level in the previous week, Bank Indonesia said<br>\nin its weekly report.<\/p>\n<p>The central bank said on the weekend the increase resulted<br>\nprimarily from the proceeds of the privatization of state-owned<br>\nport operator PT Pelindo II.<\/p>\n<p>BI said the level was above the IMF adjusted net international<br>\nreserves of $11.4 billion.<\/p>\n<p>Gross forex reserves increased by $108.6 million to $25.9<br>\nbillion, the bank added.<\/p>\n<p>BI also reported that reserve money declined by Rp 1.6<br>\ntrillion to Rp 77.1 trillion compared to the level in the<br>\nprevious week.<\/p>\n<p>It explained that the decline was partly caused by a drop in<br>\ncurrency in circulation and deposits at the central bank.<\/p>\n<p>BI said that net domestic assets (NDA) increased by Rp 37.2<br>\ntrillion to negative Rp 42.38 trillion.<\/p>\n<p>The increase was primarily due to the change in the rupiah's<br>\nexchange rate against the U.S. dollar in the calculation of the<br>\nnet forex reserves from Rp 10,000 per dollar to Rp 7,500 per<br>\ndollar starting April 1, 1999, the central bank explained.<\/p>\n<p>It added that the NDA level was still below the IMF adjusted<br>\ntarget of Rp 39.52 trillion.<\/p>\n<p>Separately, BI said in a media statement that the interest<br>\nrate ceiling for rupiah one-month time deposits to be guaranteed<br>\nby the government during the April 12 to April 18 period was 39<br>\npercent, 36 percent for 3-month, 34 percent for 6-month, 33<br>\npercent for 12-month and 24 percent for 24-month.<\/p>\n<p>It said the interest rate ceiling for U.S. dollar one-month<br>\ntime deposits was 12 percent, and 11 percent for 3-month to 24-<br>\nmonth time deposits.<\/p>\n<p>BI added that the interest rate ceiling for the rupiah<br>\ninterbank money market was 33 percent, and 5 percent for the<br>\ndollar interbank money market. (rei)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ri-forex-reserves-rise-to-us159-billion-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}